Houlihan Lokey Advises Sixth Street Growth on Its Investment in Chronograph

Houlihan Lokey is pleased to announce that Sixth Street Growth, LLC, has agreed to a $140 million growth equity investment in Chronograph, LLC, the leading global provider of portfolio monitoring, valuations, and analytics technology for institutional private capital limited partners (LPs) and general partners (GPs).

Chronograph has agreed to receive a minority growth equity investment of more than $140 million from Sixth Street Growth, the dedicated growth investing platform of Sixth Street. All existing investors—Summit Partners, Carlyle, AlpInvest, Nasdaq Ventures, and Sidekick Partners—maintain conviction in Chronograph’s mission and trajectory and, following this transaction, will continue to hold minority positions in the company. Chronograph was founded in 2016 to bring trust and efficiency to private capital markets data. The firm’s products help institutional LPs and GPs—including many of the world’s largest private equity and private credit investors—streamline and automate portfolio monitoring, valuations, analytics, and reporting. The company’s revenue base is split evenly across LPs and GPs.

Funds from the investment will be used to drive further expansion of Chronograph’s AI product suite, accelerate a new private credit portfolio monitoring platform, and grow the company’s global footprint as it continues to deliver technology and trusted data at scale. The investment comes at a pivotal moment for the private capital industry. As institutional investors increasingly turn to AI-powered tools for insights and reporting to manage scale and evolving market dynamics, Chronograph’s unique ability to enable critical decision-making architecture continues to resonate across institutions of all sizes. Chronograph is currently trusted by eight of the 10 largest private capital general partners and five of the 10 largest private capital LPs globally, monitoring over $5.9 trillion in client invested capital, 15,000 unique funds, and 258,000 private companies.

Sixth Street Growth provides growth equity and bespoke capital solutions to mid- and late-stage technology companies. Sixth Street Growth is the dedicated growth investing platform of Sixth Street, a leading global investment firm with more than $130 billion in assets under management and committed capital. Sixth Street has invested more than $13 billion in over 90 companies through its Growth franchise since inception.

Houlihan Lokey served as the exclusive buyside advisor to Sixth Street Growth.

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